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Safe-Haven Sentiment Persists: Spot Gold Busts Atop USD3,200 to New High; USD Index Below 100
Recommend 7 Positive 9 Negative 6 |
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U.S. President Donald Trump suspended reciprocal tariffs on countries other than China, but financial markets remained rattled. Safe-haven sentiment continued to drive gold prices higher, with spot gold breaking above USD3,200 per ounce to a new record high, last reported at USD3,215. Safe-haven demand also bolstered safe-haven currencies, with the USD/JPY falling below 143 to 142.99. The USD/CHF dropped to 0.814. The USD Index slipped below 100, last at 99.8. U.S. Treasury note yield rates rose again, with the 10-year and 30-year rates climbing to 4.48% and 4.94%, respectively. AAStocks Financial News |
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